Now that the second presidential debate is over, there is only one left before the general election and the nation’s economic woes are crying out for solutions.
The second debate has come and gone, and there were no knockouts; the focus remained on the economy and no earth-shattering solutions were put forth. Many people were surprised that the bailout/rescue bill, initially snubbed by the House of Representatives with a large number of Republicans revolting against “their” president, passed the second time in the House. That President George W. Bush initiated the bill apparently was sufficient reason for the first failure. Lawmakers in both parties (except Rep. Barbara Lee) remembered the big lie that hoodwinked them into voting for the invasion of Iraq—the Weapons of Mass Destruction that were never found; connecting Iraq with 9/11 that was never established; soldiers being greeted as liberators; and the over 5 years and almost $1 trillion being spent on a war of choice. And people still wonder why the House did not readily accept the President’s word that he needed $700 billion to shore up the nation’s economy.
THE ECONOMY/THE EMERGENCY ECONOMIC STABILIZATION ACT of 2008
When the bill reached the Senate, Senators Barack Obama, John McCain and Joe Biden voted for the bill and when it returned to the House, it was passed the second time around. It seemed rather strange that the initial 3-page bill requesting $700 billion turned into a 100-plus page document when it reached the Senate and when it got back to the House, it had been morphed into a 400-plus bill for $840 billion, which the House then passed.
Now the global markets are falling and the “rescue” bill does not appear to be doing what the President said it would do—and the Congress has been hoodwinked again.
The economy is the focus of the presidential campaign with Obama jostling to put forth some bold solutions and McCain trying to dodge the economic bullet and change the focus of the campaign.
If real change comes from the bottom up then help the homeowners (particularly) in foreclosure, the retirees with 401Ks in jeopardy, and those at the base, so that they will properly form the foundational support—the bottom of the pyramid is its base and forms its basic foundation.
THE ECONOMY AND IRAQ
Once again, Obama has successfully tied McCain to the failed economic policies of President Bush. Obama is clearly pointed out that the nation spends $10 billion per month in Iraq—that should be use for domestic purposes—while ignoring the Iraqi surplus of about $80 billion. Prior to the Wall Street crisis, McCain boldly stated, “the fundamentals of the economy are strong” echoing Bush’s sentiments. McCain also admitted, “Economics is not something I’ve understood as well as I should have, and one of the differences between me and Senator Obama is that he wants to continue this spending spree.” When Bush came into office, there was a surplus in the treasury. Now the deficit is in the trillions and McCain has voted with Bush over 90 percent of the times.
THE PALIN FACTOR
Governor Sarah Palin has been trotted out as the McCain “attack dog” focusing her personal attacks on Obama. The Republicans have showcased her as an expert on energy. During a report on the energy crisis last week, Alaska had the highest gas prices in the nation. Palin is the governor of Alaska.
A shout from a crowd of her supporters has directed the word “terrorist” to Obama. Also at another Republican rally, there appeared to be a voice from the crowd shouting, “kill him” again referring to the Illinois Senator.
However, what the country has to be concerned about is that Palin’s model for a vice-president is Vice President Dick Cheney. Her executive experience of stone walling an executive investigation in Alaska makes her a combination of Bush and Cheney. The country is trying to get away from the Bush/Cheney policies and the McCain/Palin ticket is the flipside of the Bush/Cheney Republican coin.